Geopolitics & Business Report: Brent Climbs to $98 as Hormuz Tanker Risk and Lame-Duck War Money Collide, Nov. 5, 2026

U.S. Navy destroyer USS Stout transiting the Strait of Hormuz in May 2020 (file photo)

Geopolitics and business report, Nov. 5, 2026: oil rebounds on Hormuz tanker risk, Democrats gain leverage over Iran war money, China trade talks loom.

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